Explain with the help of a well-labelled diagram

Reference no: EM133552867

Question: Eventually, more and more land releases for owner-occupiers building construction started to unfold in the Australian economy between 2021 and 2022. The costs of borrowing also further decreasing. There was a massive demand for owner-occupiers housing such as the 4 bedroom single-storey dwelling. Eventually, more and more constructions firms entered the market of a 4 bedroom single-storey dwelling construction. Explain with the help of a well-labelled diagram the market outcomes for a firm building owner occupied housing operating in the construction industry between 2021 and 2022 .

Reference no: EM133552867

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